In this Analysis you can see that the USDCAD price on the 30-minute chart is crossing the baseline a there is a possibility for a SELL position.
What we look for:
short positions below 1.2700 with targets at 1.2620 & 1.2600 in extension.
If trend will change:
above 1.2700 look for further upside with 1.2720 & 1.2755 as targets.
My entry details:
- Entry Level: 1.26550
- Take Profit level: 1.26000
- Stop Loss level: 1.27200
- Risk: 1% of balance
*This Analysis is for educational purposes only and is not financial advise.
What we look for:
short positions below 1.2700 with targets at 1.2620 & 1.2600 in extension.
If trend will change:
above 1.2700 look for further upside with 1.2720 & 1.2755 as targets.
My entry details:
- Entry Level: 1.26550
- Take Profit level: 1.26000
- Stop Loss level: 1.27200
- Risk: 1% of balance
*This Analysis is for educational purposes only and is not financial advise.
